1 Prince Of Wales Court, Wynn Vale SA 5127

Corner allotment | 726 sqm land | 1989-built house | tenanted until 2027 This property presents a strong, income-secured entry into the Wynn Vale market, distinguished by its substantial corner block and multiple living zones on a single level. The established tenancy provides immediate cash flow and reduces vacancy risk, making it particularly suitable for an investor seeking stability or a buyer intending to occupy post-lease. Its three-bedroom, two-bathroom configuration on a large parcel is competitively positioned for long-term land value appreciation in this established suburb. The primary risk is the locked tenancy, which restricts personal use or renovation until 2027 and may defer value-add initiatives. The price reflects this secure income stream, requiring a buyer to accept a passive holding period. Proceed if your strategy aligns with a medium-term, income-generating hold; the underlying land component offers the fundamental opportunity. Consider a post-lease review for owner-occupation or upgrade to capitalize on the architectural detail and living space. The property last sold for $435,000 in 2013. This historical point, while demonstrating substantial appreciation, is too distant to serve as a direct comparable for current pricing. It primarily confirms the suburb’s long-term growth trajectory, but contemporary valuation must rely on recent sales of similar-sized lots and dwellings in Wynn Vale.